07/08/2013
The Clifford Chance Millionaire Partners Still Envious
Clifford Chance may have suffered from a fall in partnership profits, but it hasn’t prevented the partners taking home £1 million each.
Legal, Regulation & Compliance
07/07/2013
Morgan Lewis makes first Moscow lateral hires from Gide
Morgan Lewis in Moscow currently comprises eight partners and two local partners plus around 20 other lawyers
07/07/2013
Linklaters boosts India practice with return of partner from referral firm
Linklaters has boosted its India practice, re-hiring a partner from its Mumbai referral firm Talwar Thakore & Associates
07/07/2013
PRA and FCA welcome Internal Audit guidance
The regulatory authorities welcome the publication, by the Chartered Institute of Internal Auditors, of the guidance
07/07/2013
Credit Suisse to face £470mn lawsuit
Businessman, alleging breach of contract, to take Swiss bank to court in London
07/06/2013
EU plots transatlantic bank regulator
The European Union is to push for an agreement on banking and financial services as a key part of this week’s historic trade talks with the US
07/06/2013
Inquiry into Vatican bank chief dropped
The two directors left the bank on Monday last week after the arrest of a senior cleric who is accused of plotting to smuggle millions of euros into Italy from Switzerland.
07/05/2013
Banks fear new leverage proposal
Proposals to reform British banking by the Parliamentary Commission on Banking Standards will have a “profound” impact on the industry, the British Bankers’ Association (BBA) has said in its first detailed comments on the report.
07/04/2013
Withers European and Asian US teams grow
He is currently based in our Singapore office with US partner Jay Krause and UK partners Simon Michaels and Philip Munro.
07/04/2013
FCA cancels permissions of Edinburgh-based adviser
The final notice said: “As Sovereign is failing, and will continue to fail, to satisfy the threshold conditions, the authority hereby cancels its permission.”
07/04/2013
Top five law firms in pay bonanza despite flat profits
Top partners at the country’s five most prestigious law firms have shared in a £2.2 billion pay jackpot, according to new research, as Freshfields and Linklaters unveiled contrasting annual results today.
07/04/2013
Commerzbank Investigated for Possible Swiss Reporting Breach
Commerzbank AG (CBK), Germany’s second-biggest bank, is being investigated by Switzerland’s market regulator over the possible breach of reporting obligations for two structured products.
07/03/2013
Kerviel appeal thrown out
Kerviel is trying to overturn his conviction and jail sentence
07/03/2013
Leading international law firm picks McKinsey accountant as first-ever COO
Accountant Rick Baumgartner will join SJ Berwin on 9 September following a string of moves by the City firm
07/03/2013
Financial transaction tax won't see daylight: German bank lobby
A financial transaction tax, backed by 11 European Union member states, faces significant opposition and is unlikely to come into force
07/02/2013
Phones 4U insurance provider fined £2.8m
PAS is an insurance intermediary which administers mobile phone insurance policies sold by Phones 4u Limited
07/02/2013
Barclays CEO: We Aren't at Odds With Regulators
Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators
07/02/2013
FCA cancels permissions of Somerset-based IFA
The FCA said these failures lead it to conclude NWC has failed to manage its business in a sound and prudent manner
07/01/2013
Clock is ticking for banks to get to grips with anti-money-laundering rules
One answer might be that the present sanctions have not acted as a sufficient deterrent to bad behaviour.
07/01/2013
Withers bolsters partnership with eight promotions
The appointments bring the firm’s total number of partners